4228 Grants Contract HUB Subcontracting Plan (HSP) Quarterly Subcontract Report for Grant Contracts: Fill out & sign online

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What is an HSP document?

FAQs. Why is the SBSP required? To comply with federal law (FAR subpart 19.7), all federally sponsored contracts in excess of $750,000 require implementation of a subcontracting plan with established goals for expenditures to small businesses.

What is a hub subcontracting plan?

HUB Subcontracting Plan (HSP) HHS strives to provide access to procurement opportunities to HUB businesses in all of its contracts. In addition to contracting directly with HHS agencies, HUB businesses may find further opportunities available through subcontracting.

What is the dollar threshold for a subcontracting plan?

Essentially, a subcontractor is an entity engaged to carry out a portion of the work under a grant or contract. These vendors are contracted to provide specific goods or services that are essential to the completion of the project.